I need help with a response

do you really believe a monopoly can't be sustained for a long period of time?

Perfect or pure competition is an economic notion seldom seen in practice. Similarly: pure monopolies that can be sustained are uncommon. Monopolistic competition, oligopoly: and monopoly are all examples ofimperfect competition (Abdul Aziz et al.: 2023). Therefore: the highest possible return strategy would be for a new venture to nd a monopoly market that could be maintained. :1 monopoly is a market withjust one TEdC-I controlling the whole market. It can set prices since it has complete market power {Alhadef 2022). Buyers have no choice but to pay the asking price because there are no alternatives. Thus: locating a monopoly market will provide the new business with the maximum potential return since. in this market: it will be the only firm offering the product, will face no competition: and will determine the price (Alhadeff. 2022]. This market likewise has substantial entry barriers. In other market arrangements: however: it is di'icult for the new business to achieve substantial prots. For example: in perfect competition. there are multiple buyers and sellers of the same product. businesses are price takers since they are in rivalry with one another. and entry barriers are low: making it hard for a new business to generate more money (Abdul Aziz et al._. 2023]. This also applies to monopolistic competition with many producers that sell similar but differentiated products. [in this case: gaining a large market share and being profitable in the short term is equally tough. At the same time: although oligopolies are price takers. it may be difficult: ifnot impossible, for a new business to enter oligopolistic markets. The market already contains a few reputable companies with a substantial market share and huge economies of scale, which may make it difficult for the new company to navigate and profit [Abdul Aziz et al.: 2023). As a result: for a new firm to maximize its profits: it should seek a monopoly market that can be sustained